Energy Efficiency or Internal Beauty
When it comes time to make an investment in upgrading areas of your home. It is important to make an informed decision when it comes time to decide which home improvements will come first on your to-do list. Today we review the pro’s and con’s of interior remodel versus exterior upgrades.
Interior remodeling is a major part of the home improvement industry. Interior upgrades generally consist of making aesthetic improvements to your home. From painting walls, refinishing tile, or full room remodel there is a variety of ways homeowners can go about improving the inside of their home.
One exciting interior project homeowners love to take on is remodeling their kitchen. According to Home Advisor, when remodeling your kitchen you can expect to spend an average of $35,000. Many homeowners spend between $75 to $250 per square foot. The total cost fluctuates by kitchen size, quality of materials used, and whether you chose to make structural changes to the room itself.
According to Home Depot, Cabinets are the single biggest reason why kitchen remodels tend to scale so heavily toward the cost of finished products. Mid-range cabinetry might cost between $10,000-$20,000 for a full kitchen remodel. High-end cabinetry will cost $20,000 or more. While installation is rather affordable, the actual materials themselves are extremely expensive. Realtors also believe that kitchen renovations are the most likely to increase your home’s value—but that doesn’t guarantee that you’ll make back every penny you spend. Home renovators project that a kitchen upgrade will cost an average of $35,000, while only adding an average value increase of $20,000 to your home.
Another exciting interior renovation project is remodeling your bathroom. Angie’s List estimates an average bathroom remodel will cost between $10,000 to $25,000. Lower-end remodels cost around $2,500, and high-end remodels can cost north of $25,000. According to Moving.com bathroom remodels recoup up to 65% of their cost upon resale. With that said, remodeling your bathroom can be an effective option in terms of remodeling your home for the purpose of beautification upon resale.
While interior remodel projects are a sure-fire way to improve the interior of your home. Home exterior upgrades offer the same beautification qualities, with an added bonus of energy efficiency and immediate cash savings. Austin window replacement is an extremely popular home exterior upgrade. Upgrading your builder grade windows can lower your energy bills by as much 30%. Energy star reports homeowners who equip their home with energy efficient windows on average save over $1000 annually on heating and cooling bills. Additionally, new windows instantly boost your home’s curb appeal.
Another popular home exterior upgrade is Door replacement. Old worn doors not only drive down home value, and decrease home safety. They also represent an unwanted source of lost energy efficiency. A tattered door means gaps for drafts. Unwanted drafts bring in outside weather elements and make regulating indoor temperatures extremely difficult. These difficulties cause heating and cooling system to work considerably harder and raise homeowner’s energy bills. Replacing your old worn door will make sustaining indoor temperatures much easier, and it will be reflected on your monthly bills immediately.
While there are many benefits to interior and exterior home upgrades. Most homeowners have to phase projects according to their perspective budget.